freddymoo

ok, i'm in the stage of buying a new car...so far, e-loan and my credit union have given me 9-10% rate(freaking outrageous)...they say i have "OK" credit.....5 months ago, capital one gave me 6.25% and now, the decline...since i got approved at capital 1, i have not done anything to hurt my credit..no big purchase..no additional debt..nothing changes on my credit report...so weird.....i asked them why, they say just wait 'til the letter arrive and pull ur credit report.

so, what kind of rate u get and which bank? last time i check my credit score is 680....i guess this is consider "OK" by the lender.

Torii

I wont finance a car for anything over 6%

Evitzee

Rates are always changing. And now with the sub-prime housing fiasco it may affect all loans to some extent. I got 6% from Lexus financial last August for a 36 month loan with credit score in the high 700's (once you get over 700-720 it really doesn't make any difference on the rate). That was about 1/4% higher than e-Loan and Capital One at the time. Convenience of going through Lexus won me over. It was only a few bucks a month more. Find out what's up with your Credit Score and make sure it hasn't dropped for some reason. And shop around. Do you have access through a Credit Union? They usually have good rates.

ben_r_

put down 12k cash, financed the rest (66 months) through a local Credit Union at 6.6%. FICA score: 751

GNN60GT500

I put down 10,000- financed rest through credit union-
7 years at 5.85% FICA is well over 700-

Credit Unions rock

gsrthomas

iTrader: (1)

I purchased my car 12/06.

I got my loan through www.octfcu.org they gave me 5.65% for 60 months. My credit is excellent 720+ score. No one could match that. I put down $16k and finanaced another $16k. Payment is $320 a month.

ben_r_

Nice! wanted to put down 15k, but man... got tired of waiting and saving! Youve got an awesome payment! Im at 450 a month.

Kuki_350

I got 5% thruogh my credit union for 5yrs.

ben_r_

Good APR. Man precentages all suck now though! My last car was an 03 accord and I got that damn loan at 1.9%!!! Now Im forced to think 6% is a decent deal. Terrible.

freddymoo

has lexus ever had any special financing on any of their models? i never heard or seen it before.

special financing on december to remember? or is it just special pricing?

ihkskim

12k down.. 6% finance (60 months)~ but i paid it off in 6 months =)

al503

I put $25K down, my credit score was 73X something and I got 7.45% from Toyota, which was outrageous in May of '06.

I took it anyway as I got $4K off MSRP when many were still paying close to MSRP and I paid the car off in 8 months. I got a quote from e-loan for just under 6% and the same from my bank so the delta in total interest was just over $100 for those 8 months.

Buds

I put down $17000 and financed the rest. My credit score was in the 750s but I still wound up with a 6.4% rate. I'm looking at $440 a month.

Times have changed. My mom bought her RX330 back in '04 and she financed it thru Lexus Financial at an interest rate of 3.85%

From what I saw last weekend when I was shopping rates, you'll be lucky to get anything below 6%

freddymoo

navy federal credit union has special rates on new auto ---> 3.5% for 36 months

too bad i don't have any connection w/ navy personnel

RocketGuy3

iTrader: (1)

I'll finance as long as I can invest money at a higher rate than the interest I'm paying, which is almost always the case. (And I bet it is for most people on this board, too.)